Exercise of Options and PDMR Dealing

RNS Number : 5936B

Water Intelligence PLC

11 January 2018

 

Water Intelligence plc (AIM: WATR.L)

("Water Intelligence" or the "Company")

Exercise of Options and PDMR Dealing

Water Intelligence, a leading provider of non-invasive leak detection and remediation services, announces that, further to the announcement made on 7 September 2017, David Silverstone, an executive director of the Company, has exercised a portion of his options holdings to subscribe for a total of 10,000 ordinary shares of 1p each ("Ordinary Shares") at an exercise price of US$0.67 per Ordinary Share (the "Exercise Price"). Subsequently he has sold the resulting 10,000 Ordinary Shares at a price of £1.94.

Following the exercise and sale, David Silverstone is interested in 38,500 Ordinary Shares in the Capital of the Company.

Pursuant to the above option exercises, an application has been made to the London Stock Exchange for 10,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8 a.m. on 12 January 2018.

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following the issue of the Option Shares, the issued share capital of the Company is 12,163,833. The Company holds 151,184 Ordinary Shares in treasury which carry no voting rights, reducing the issued share capital of the Company carrying voting rights to 12,012,649. The total number of voting rights in the Company, excluding treasury shares, will therefore be 12,012,649.

Water Intelligence plc
Patrick DeSouza (Executive Chairman)	Tel: [phone]
finnCap Ltd
Adrian Hargrave / Giles Rolls (Corporate Finance) Stephen Norcross (Corporate Broking)	Tel: [phone]

1.	Details of the PDMR / person closely associated
a)	Name	David Silverstone
2.	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Water Intelligence plc
b)	LEI	213800AL3BNXJ1HQLP10
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Exercise of Options (10,000 $0.67 per share) and immediate sale of 10,000 shares at £1.94 per share GB00BZ973D04
b)	Nature of the transaction	Exercise of Options and Sale of Shares
c)	Price(s) and volume(s)	10,000 options exercised at $0.67 per share and 10,000 shares sold at £1.94 per share
d)	Aggregated information	N/A (Single transaction)
	-      Aggregated volume
	-      Price
e)	Date of the transaction	10 January 2018
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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